1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Naily [24]
3 years ago
8

Prime Corp. has an ending balance in the accounts receivable account of $100,000. Prime recorded bed debt expense of $3000. Prim

e has an ending balance in the allowance for uncollectible accounts of $7000. What is the net realizable value of accounts receivable?
$93,000 T/F
Business
1 answer:
Lelu [443]3 years ago
5 0

Answer:

True

Explanation:

Prime's net realizable value of accounts receivable = accounts receivable balance - allowance for uncollectible accounts = $100,000 - $7,000 = $93,000

Bad debt expenses have already been debited, so they are no longer part of the allowance for uncollectible accounts.

You might be interested in
The famous designer, Isaac Mizrahi, made a scheduled appearance at Borders bookstore in Mall of America to sign copies of his bo
Anna007 [38]

Answer: A.  Special event

Explanation:

Special events are occasions where the customers and the company get to meet face to face and talk about products and services on offer. Special events are very ideal for product launches, or trade shows where the company aims to sell more of what it has.

Isaac Mizrahi most probably just launched the new book and so this special event is a way of marketing it to the public through face-to-face contact.

6 0
3 years ago
X-Mart purchased $300 of merchandise and paid immediately. Demonstrate the journal entry to record this transaction, assuming th
tangare [24]

Answer:

See explanation Section

Explanation:

The journal entry to record the purchase of merchandise -

Merchandise Inventory          Debit        $300

Cash                                         Credit           $300

Note: As the perpetual inventory shows the running inventory of cost of goods available for sale. Therefore, every purchase of merchandise will directly debit the merchandise inventory and not the purchase account. Since the company paid immediately, cash decreased.

5 0
3 years ago
What is one major measure of economic growth?
Olegator [25]

Answer:

yo mama

Explanation:

<h2>yo mama's so ugly, she made a blind kid cry.</h2>
4 0
2 years ago
Jeremy is working on a spreadsheet. Which part of the information processing cycle will justify Jeremy's use of the spreadsheet
Tom [10]

Answer:

A

Explanation:

if its wrong than forsure d

7 0
3 years ago
You are an economic advisor to the president. You observe a decrease in gross investment. Assume the economy was operating at th
melomori [17]

Answer:

a. Increase in Net Exports, Increase in AD, real GDP will stay same

b. Excess Demand

c. Appropriate Contractionary Fiscal Policy : decrease tax & or increase government expenditure

d. Actions smooth business cycle by brining actual real GDP towards full employment

Explanation:

Aggregate Demand is the total value of goods & services all the sectors of an economy are planning to buy during a given period of time

Aggregate Demand [AD] = Consumption [C] + Investment [I] + Government Expenditure [G] + Net Exports [NX = Exports (X) - Imports (M)]

Aggregate Demand > Aggregate Supply at full employment level is Excess Demand. Aggregate Demand < Aggregate Supply at full employment level is Deficit Demand

Decrease in Investment leads to fall in Aggregate Demand. It creates Deficit Demand & decreases real GDP. It can be corrected through demand expansionary fiscal policy of decreasing taxes & increasing govt. expenditure.

Increase in exports leads to increase in net exports & in turn increase in aggregate demand. This causes Excess demand problem & real GDP will remain same (economy already at full equilibrium, GDP cant be increased more). Appropriate Fiscal Policy [Contractionary Fiscal Policy] includes decreasing taxes & or increasing govt. purchase.

These actions will smooth out business cycle by bringing actual real GDP back to full employment level.

5 0
3 years ago
Other questions:
  • It has been estimated that there are 107 billion pieces of mail per year. if the postage rates are raised 3¢, how much extra rev
    8·1 answer
  • What would be the cash balance in the general ledger if a credit of $2,000 is posted to the cash account that had a beginning ba
    13·1 answer
  • A monopolistic producer of caviar has historically sold all of its caviar to 10 distributors. Recently, one of the distributors
    10·1 answer
  • Foreign firms should seek alliances with well-qualified local companies in countries characterized by inadequate legal and polit
    9·1 answer
  • A commission employee derives their income from the number of items or goods that they produce. True or Flase
    10·1 answer
  • Big Sky Sports sells hunting and fishing equipment and provides guided hunting and fishing trips. Big Sky Sports is owned and op
    14·1 answer
  • IBM expects to pay a dividend of $6 next year and expects these dividends to grow at 4% a year for the foreseeable future. The p
    9·1 answer
  • Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil f
    10·1 answer
  • During its first year of operations, Silverman Company paid $10,285 for direct materials and $9,800 for production workers' wage
    10·1 answer
  • Sheridan Company borrowed $3200000 on a construction loan at 12% interest on January 2, 2020. This loan was outstanding during t
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!